Supply & Demand in Gainesville, GA

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 1 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 4 1 0.7 1.5
126k-150k 1 2 0.3 3
151k-175k 3 1 0.5 0
176k-200k 3 0.5 0
201k-225k 1 4 1 0.7 1.5
226k-250k 3 13 1 0.7 1.4
251k-275k 9 12 3 0.2 4.5
276k-300k 16 29 8 0.3 3.3
301k-325k 15 33 7 0.4 2.7
326k-350k 19 49 16 0.4 2.3
351k-375k 18 55 5 0.5 2
376k-400k 24 52 14 0.4 2.8
401k-425k 22 27 5 0.2 4.9
426k-450k 32 39 13 0.2 4.9
451k-475k 14 26 3 0.3 3.2
476k-500k 21 26 6 0.2 4.8
501k-550k 34 43 9 0.2 4.7
551k-600k 24 24 3 0.2 6
601k-650k 26 26 3 0.2 6
651k-700k 25 16 3 0.1 9.4
701k-750k 16 16 2 0.2 6
751k-800k 10 7 3 0.1 8.6
801k-850k 11 13 3 0.2 5.1
851k-900k 12 7 1 0.1 10.3
901k-950k 6 5 0.1 7.2
951k-1m 12 7 2 0.1 10.3
1m-1.1m 6 11 3 0.3 3.3
1.1m-1.2m 13 5 1 0.1 15.6
1.2m-1.3m 6 6 1 0.2 6
1.3m-1.4m 8 2 1 0 24
1.4m-1.5m 8 0
1.5m-1.6m 8 2 1 0 24
1.6m-1.7m 8 3 2 0.1 16
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 7 0
1.9m-2m 5 2 1 0.1 15
2m-2.25m 2 2 0.2 6
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 1 1 0.1 12
3m-3.5m 2 0
3.5m-4m 1 0
4.5m-5m 1 1 0.2 0
8.01m-9m 1 0

Townhouses 16% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
-24,000-0 1 0.2 0
226k-250k 2 1 0.3 0
251k-275k 1 0.2 0
276k-300k 1 2 1 0.3 3
301k-325k 6 4 1 0.1 9
326k-350k 1 16 2 2.7 0.4
351k-375k 17 2 0 51
376k-400k 10 0
401k-425k 4 0
476k-500k 1 1 0.2 6
501k-550k 1 1 1 0.2 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
151k-175k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 3 2 0.1 9
226k-250k 1 1 0.2 6
251k-275k 2 2 0.2 6
276k-300k 1 3 0.5 2
301k-325k 2 0
376k-400k 1 0
651k-700k 1 0
701k-750k 1 1 0.2 0

Land 10% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 2 2 0.2 6
26k-50k 6 7 0.2 5.1
51k-75k 7 4 1 0.1 10.5
76k-100k 12 10 2 0.1 7.2
101k-125k 8 4 1 0.1 12
126k-150k 9 6 0.1 9
151k-175k 10 4 0.1 15
176k-200k 11 1 1 0 66
201k-225k 7 2 0 21
226k-250k 4 1 0 24
251k-275k 1 0.2 0
276k-300k 4 0
301k-325k 1 1 0.2 6
326k-350k 1 0
351k-375k 2 0
376k-400k 3 2 1 0.1 9
401k-425k 1 0
426k-450k 2 0
451k-475k 2 1 0.1 12
476k-500k 3 0
501k-550k 3 3 1 0.2 6
601k-650k 1 1 0.2 6
651k-700k 4 0
751k-800k 1 0
801k-850k 1 0
901k-950k 3 1 0.1 18
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.3m-1.4m 3 0
1.4m-1.5m 3 0
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 2 0